13.8 C
Hamburg
Sunday, September 27, 2020
Home News OOCL enjoys volume and revenue growth

OOCL enjoys volume and revenue growth

For the fourth quarter of 2019, OOCL's total volumes were 4.8% up from the same period last year, according to the company's release.

OOCL says that total revenues increased by 2.3% to US$1.60 billion, while loadable capacity increased by 2.6%. In addition, the overall load factor was 1.8% higher than the same period in 2018 and overall average revenue per TEU decreased by 2.4% compared to the fourth quarter of last year, according to the announcement.

OOCL adds that for the full year of 2019, total volumes increased by 3.8% over the same period last year and total revenues recorded a 5.2% growth. The company, also, reports that loadable capacity increased by 4.0%, the overall load factor was 0.1% lower than the same period in 2018 and overall average revenue per TEU increased by 1.3% compared to the same period last year.

- Advertisment - LR Sustainability Decarbonisation Digital Adverts

Latest Posts

Pitch perfect, curbing energy wastage at sea

As the maritime sector enters a period of transformation to a zero carbon future the onus will be on owners to find mitigating technologies...

Hapag-Lloyd invests in LNG retrofit

German vessel operator Hapag-Lloyd is converting a former UASC ship, the 15,000TEU Sajir, to operate on LNG fuel. Hapag-Lloyd said that using LNG compared to...

Lines argue FMC has no jurisdiction in chassis dispute

The world’s biggest shipping lines have filed a motion to dismiss a US$1.8 billion complaint about equipment use in the US on the grounds...

DP World Australia expects to resolve dockers dispute

Dock workers in Port Botany, Sydney Australia, are expected to reach a negotiated agreement to their dispute with DP World Australia (DPWA) following a...

“Abraham Accords” leads to market buoyancy in Middle East

Maersk Line, the world's largest container shipping carrier, will start to ship boxes between Israel and United Arab Emirates (UAE), as the two countries...